NBSS(SH:600884)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 4,449,437,921.75, a decrease of 11.53% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 572,600,345.88, down 29.05% year-on-year[4] - The net profit after deducting non-recurring gains and losses was RMB 166,438,166.31, reflecting a significant decline of 72.94%[4] - The weighted average return on net assets was 2.433%, a decrease of 1.742 percentage points[4] - The company reported a significant decline in net profit from its core business due to increased market competition and reduced profitability in the lithium battery materials sector[7] - Total operating revenue for Q1 2023 was CNY 4,449,437,921.75, a decrease of 11.5% compared to CNY 5,029,500,864.87 in Q1 2022[14] - Net profit for Q1 2023 was CNY 593,574,808.82, a decline of 29.1% from CNY 836,471,026.90 in Q1 2022[15] - Total comprehensive income for Q1 2023 was CNY 750,970,568.44, compared to CNY 835,149,817.14 in Q1 2022[15] Cash Flow - The net cash flow from operating activities was negative RMB 1,325,600,692.98, a decrease of 1,334.73% compared to the previous year[4] - Cash flow from operating activities for Q1 2023 was negative CNY 1,325,600,692.98, compared to positive CNY 107,359,328.32 in Q1 2022[17] - The net cash flow from investment activities for Q1 2023 was -2,067,402,899.67, an improvement from -2,511,728,814.08 in Q1 2022, indicating a reduction in cash outflow by approximately 17.7%[18] - Cash inflow from financing activities totaled 4,779,766,955.17 in Q1 2023, up from 4,258,803,703.76 in Q1 2022, representing an increase of about 12.2%[18] - The net cash flow from financing activities improved significantly to 2,761,440,415.39 in Q1 2023, compared to -1,647,805,927.47 in Q1 2022, marking a turnaround of over 267%[18] - The total cash and cash equivalents at the end of Q1 2023 were 3,270,506,117.15, down from 4,631,671,119.93 in Q1 2022, reflecting a decrease of approximately 29.4%[18] - The cash outflow from financing activities decreased to 2,018,326,539.78 in Q1 2023, compared to 5,906,609,631.23 in Q1 2022, a reduction of about 65.8%[18] - The company experienced a net decrease in cash and cash equivalents of -640,671,843.03 in Q1 2023, an improvement from -4,047,110,971.68 in Q1 2022, showing a reduction in cash depletion by about 84.2%[18] Assets and Liabilities - Total assets at the end of Q1 2023 reached RMB 46,884,343,539.90, an increase of 4.36% from the end of the previous year[5] - Current assets decreased to ¥18.66 billion from ¥18.94 billion, a decline of about 1.5%[11] - Non-current assets rose to ¥28.23 billion from ¥25.98 billion, marking an increase of approximately 8.7%[12] - Total liabilities increased to ¥22.35 billion from ¥20.80 billion, an increase of about 7.5%[13] - Long-term borrowings rose to ¥6.30 billion from ¥4.18 billion, indicating a growth of approximately 50.7%[13] - The company's equity attributable to shareholders was RMB 23,563,404,503.44, up 2.21% from the previous year-end[5] - The company's equity attributable to shareholders increased to ¥23.56 billion from ¥23.05 billion, a growth of about 2.2%[13] Other Financial Metrics - Non-recurring gains and losses totaled RMB 406,162,179.57, primarily from the sale of equity in a subsidiary[6] - Research and development expenses for Q1 2023 were CNY 170,218,858.78, slightly down from CNY 174,788,511.01 in Q1 2022[14] - Other income for Q1 2023 increased significantly to CNY 162,391,594.03 from CNY 10,177,584.00 in Q1 2022[14] - Investment income for Q1 2023 was CNY 431,496,389.75, up from CNY 339,201,995.15 in Q1 2022[14] - Cash inflow from investment activities for Q1 2023 was CNY 386,936,283.55, an increase from CNY 282,277,714.13 in Q1 2022[17] - The cash flow from investment activities was significantly lower in Q1 2023, with total cash outflow of 2,454,339,183.22 compared to 2,794,006,528.21 in Q1 2022, indicating a decrease of approximately 12.1%[18] - The cash received from borrowings increased to 4,523,411,928.98 in Q1 2023, compared to 3,984,313,323.51 in Q1 2022, representing an increase of approximately 13.6%[18] - The cash paid for debt repayment in Q1 2023 was 1,297,019,225.37, a significant decrease from 4,492,808,510.75 in Q1 2022, reflecting a reduction of about 71.1%[18] Shareholder Information - As of March 31, 2023, the total number of ordinary shareholders was 207,564, with the largest shareholder holding 34.55% of the shares[8]